Suzhou Lekin Semiconductor Co., Ltd. has agreed to acquire Ningbo Zixin Technology Co., Ltd. from Guangzhou Wangxin Commerce and Trade Co., Ltd., Ningbo Zhuohua Information Consulting Co., Ltd., Shanghai Welltech Automation Co., Ltd., Guangzhou Huihuang Management Consulting Co., Ltd., Guangzhou Saifu Jianxin Small and Medium Enterprise Industrial Investment Fund Partnership Enterprise (Limited Partnership), Shenzhen Youming Industrial Co., Ltd. for CNY33.3 million.
October 29, 2023
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Suzhou Lekin Semiconductor Co., Ltd. has agreed to acquire Ningbo Zixin Technology Co., Ltd. from Guangzhou Wangxin Commerce and Trade Co., Ltd., Ningbo Zhuohua Information Consulting Co., Ltd., Shanghai Welltech Automation Co., Ltd., Guangzhou Huihuang Management Consulting Co., Ltd., Guangzhou Saifu Jianxin Small and Medium Enterprise Industrial Investment Fund Partnership Enterprise (Limited Partnership), Shenzhen Youming Industrial Co., Ltd. for CNY33.3 million on October 30, 2023. This has been approved in the 9th (Extraordinary) Meeting of the Company?s 8th Directorate, and does not need the Shareholders? Approval.
SHANGHAI WELLTECH AUTOMATION CO., LTD. is a China-based company principally engaged in the manufacture and distribution of automation instruments and meters. The Company's major products include pressure transmitters, electromagnetic flow meters, as well as valves and other instruments. The Company's products are mainly applied in electricity, metallurgy, petroleum, chemical and other traditional industrial fields. The Company distributes its products mainly within domestic market.